Welspun Enterprises’ wholly owned subsidiary - Dewas Waterprojects Works has entered into the Concession Agreement on January 9, 2018 with Madhya Pradesh State Industrial Development Corporation (MPSIDC). The agreement is for restructuring the Dewas Industrial Water Supply Project under the Madhya Pradesh Infrastructure Development (Swiss Challenge) Guidelines 2014. The estimated project cost of the restructured project as per the bid documents of the project is Rs 118 crore. The project construction schedule is 12 months and the concession period is up to June 15, 2037, after which it will be transferred to MPSIDC.
The restructured project involves the development of a water supply project to supply treated water of up to 23 Million Litres per Day (MLD) to industrial customers in Dewas during the Concession Period. Once the restructured project is operational, the earlier Dewas Industrial Water Supply Project from Nemawar of the company will be handed over to PWD, M.P. Government, at no cost.
Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in Oil & Gas Exploration.
